UBS AG FI Enhanced Large Cap Growth ETN (NYSEARCA:FBGX) Shares Down 1.1% – Here’s What Happened

UBS AG FI Enhanced Large Cap Growth ETN (NYSEARCA:FBGX)’s share price dropped 1.1% on Wednesday . The company traded as low as $939.58 and last traded at $943.29. Approximately 300 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 270 shares. The stock had previously closed at $953.90.

UBS AG FI Enhanced Large Cap Growth ETN Stock Performance

The firm’s 50 day moving average price is $943.29 and its 200-day moving average price is $900.32.

Hedge Funds Weigh In On UBS AG FI Enhanced Large Cap Growth ETN

Large investors have recently bought and sold shares of the business. Register Financial Advisors LLC purchased a new stake in shares of UBS AG FI Enhanced Large Cap Growth ETN in the first quarter valued at approximately $48,000. Truepoint Inc. purchased a new position in shares of UBS AG FI Enhanced Large Cap Growth ETN during the 1st quarter valued at approximately $203,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in UBS AG FI Enhanced Large Cap Growth ETN in the 1st quarter valued at $207,000. Finally, Catalina Capital Group LLC purchased a new stake in UBS AG FI Enhanced Large Cap Growth ETN in the 1st quarter worth $287,000.

About UBS AG FI Enhanced Large Cap Growth ETN

The UBS AG FI Enhanced Large Cap Growth ETN (FBGX) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund provides 2X levered exposure to the total return of the Russell 1000 Growth Index, with quarterly leverage resets. FBGX was launched on Jun 11, 2014 and is issued by UBS.